Shoe Brand Allbirds Announces Pivot to AI; Stock Rises Almost 600 Percent
By Dylan Morgan
Published on April 17, 2026.
Allbirds, a clothing company that sells its assets and a clothing brand, has announced its shift towards artificial intelligence (AI) and plans to receive $50 million in a convertible financing facility. The move is pending shareholder approval and is expected to close in the second quarter. The company will change its name to "NewBird AI".
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